Net Loss per Share

3 Months Ended

Mar. 31, 2021

Net Loss per Share

Note 8 - Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.

The following table presents a reconciliation of the denominators used in the computation of net loss per share – basic and diluted:

	Three months ended March 31,
	2021			2020
Net loss available for stockholders	$	(1,675,625	)	$	(816,424	)
Weighted average outstanding shares of common stock		540,222,992			333,926,498
Dilutive effect of stock options and warrants		--			--
Common stock and equivalents		540,222,992			333,926,498
Net loss per share – Basic and diluted	$	(0.00	)	$	(0.00	)

Outstanding stock options and common stock warrants are considered anti-dilutive because the Company is in a net loss position. The following summarizes equity instruments that may, in the future, have a dilutive effect on earnings per share:

	March 31
	2021		2020
Stock options		4,000,000		4,000,000
Common stock warrants		64,124,041		72,027,721
Common stock issuable		494,697		494,697
Convertible notes		51,717,929		117,025,451
Convertible preferred stock		2,877,270		2,877,270
Total		123,213,937		196,425,139
Total exercisable at March 31		67,496,008		120,636,050